Actuarial Assistant Manager

3 weeks ago

Singapore RAFFLES HEALTH INSURANCE PTE. LTD. Full time
Roles & Responsibilities

Job Summary

The successful candidate will play a pivotal role in the development of commercially viable health insurance customer offerings. This role will primarily be involved in pricing of new business / products and will be working closely with both the Business Sales and Product Development teams.

Job Responsibilities

  • Conduct monthly reserve valuations for premium and claims liabilities, ensuring accuracy and regulatory compliance (IFRS 17 and IFRS 4 frameworks).
  • Analyze and present valuation and pricing results to stakeholders, providing data-driven insights to support strategic decision-making.
  • Perform experience studies including mortality, morbidity, persistency, inflation, and expense analyses.
  • Maintain, enhance, and develop actuarial models, valuation methodologies, pricing tools, and quotation engines.
  • Carry out capital management activities such as ORSA exercises, business projections, budgeting, CAR monitoring, and stress testing.
  • Manage reinsurance arrangements, including treaty management, reinsurance premium processing, recoveries, and facultative reinsurance for new and existing products.
  • Support system setup and implementation for new product launches.
  • Prepare and submit MAS regulatory returns, ensuring full compliance with local reporting standards.
  • Liaise with auditors during annual financial closings to ensure alignment with IFRS 4 and IFRS 17.
  • Produce and enhance business management information and client reports, focusing on portfolio management and data-driven business insights.
  • Collaborate with cross-functional stakeholders to implement strategic initiatives and enhance workflows, ensuring data accuracy and appropriateness.
  • Stay updated with changes in actuarial standards, regulations, and industry best practices to maintain compliance and apply latest methodologies.

Requirements

  • Actuarial / Mathematics / Statistics Degree
  • Good progress in the Actuarial professional examinations
  • 3 to 6 years of relevant experience
  • Excellent knowledge of MS Excel, with basic knowledge of VBA
  • Good knowledge of Python
  • Excellent communication and presentation abilities
  • Meticulous and resourceful individual
  • Ability to work both independently and collaboratively
  • Experience in pricing of Group Employee Benefit schemes

We regret to inform that only shortlisted candidates will be notified.

Tell employers what skills you have

Creative
Excellent Communication Skills
IFRS
Actuarial
Analytical Skills
Financial reports
MS Excel
Mathematics
VBA
problem solving skills
Actuarial Science
Python
Attention to Details
Communication Skills
Statistics
Model Building
Regulatory Reporting
Financial Reporting

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